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Bitcoin Price Analysis: Upward Drift Continues Following Established Macro Support

Since mid-February, the bitcoin market has continued to drift upward toward a band of strong, macro resistance (shown below as a red band). This slow, drift upward marks our fourth test of the resistance zone and, unlike the three prior tests, our rejection of the level has shown a weakness on the side of the bears:Figure 1: BTC-USD, Daily Candles, Fourth RejectionIf we compare the three prior rejections (labeled 1, 2 and 3), we see that the move into this resistance level was violent — and had equally violent rejections. дальше »

2019-3-29 02:21


Bitcoin Surges Nearly 10%, Analyst Claims BTC Likely to Target Mid-$4,100 Region Next

Following an extended period of sideways trading for Bitcoin (BTC), it finally made a large upwards move and is now facing some levels of resistance around its current price. Bitcoin’s upwards swing today has allowed the entire cryptocurrency market to surge and represents the market’s second upwards price swing in the past couple of weeks. дальше »

2019-2-19 01:00